Martinez Company began operations on January 2, 2019. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Actual Hourly Wage Rate 2019 $10 2020 $11 Vacation Days Used Sick Days Used by Each Employee by Each Employee 2019 0 2020 2019 2020 5 Martinez Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time. Year in Which Vacation Time Was Earned 2019 2020 Projected Future Pay Rates Used to Accrue Vacation Pay $10.97 11.83 (a) Your answer is partially correct. Prepare journal entries to record transactions related to compensated absences during 2019 and 2020. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, eg. 5,125.) Date Account Titles and Explanation 2019 Salaries and Wages Expense Salaries and Wages Payable Debit Credit 7200.00 (To accrue the expense and liability for vacations) Salaries and Wages Expense 2880.00 Cash (To record sick leave paid) Salaries and Wages Expense Salaries and Wages Payable (To record vacation time paid) 7200.00 2880.00